One is the Loneliest Number – (but there’s help)

The loneliest management positions are the ones at the top, where the biggest decisions are made and the weight of the organization is felt the most. It’s an especially tough spot to be in when the business hits a rough patch or faces new challenges, as all businesses do from time to time.

Those who have been in such roles know exactly what we’re talking about. If it were you, where would you turn for support? From whom would you seek counsel and guidance?

Turning to your Board, key members of your management team or your close family are all options, certainly, but can be fraught with risk and often times those conversations can provide little value in return. They can also strain relationships, create uncertainty and doubt about your leadership abilities and have the potential to create bad will should you choose not to heed the advice you receive.

Many business leaders rely on support-group type clubs where they can review and discuss business issues with other leaders. Some of those are quite helpful while others provide more emotional support and camaraderie than actual business decision-making support. Some are more confidential and others less so. And some are very thorough about ensuring that none of your competitors are in the room; others are not as thorough.

Here at Catchfire, we come across many executives, principals, and entrepreneurs who are looking for more individualized support that’s tailored to their unique challenges and roadblocks.

Our senior people have all lived in the C-suite where they were immersed in the stresses and successes of business management in growing and transforming companies. We have started, bought, sold, financed, and grown businesses in a number of industries across Canada and beyond. As such, we are regularly approached by executives and owners to provide customized mentorship, guidance and decision-making support.

Whether its workforce reductions, restructuring, accessing or new markets, partnership issues, financial and operational challenges, they’re all decisions that we know you, as a business leader, does not take lightly. When it comes to sound guidance about how to properly address these organizational challenges, we’re here to help. Give us a call.